Digital Realty Trust Given Average Rating of “Hold” by Analysts (NYSE:DLR)
Shares of Digital Realty Trust (NYSE:DLR) have been given a consensus recommendation of “Hold” by the eighteen analysts that are presently covering the company, American Banking & Market News reports. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $61.36.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank raised their price target on shares of Digital Realty Trust from $68.00 to $69.00 in a research note on Thursday, July 31st. Separately, analysts at Cowen and Company raised their price target on shares of Digital Realty Trust from $44.00 to $49.00 in a research note on Thursday, July 31st. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Digital Realty Trust in a research note on Wednesday, July 30th. They now have a $72.00 price target on the stock, up previously from $68.00.
Digital Realty Trust (NYSE:DLR) opened at 65.89 on Wednesday. Digital Realty Trust has a 52 week low of $43.04 and a 52 week high of $67.75. The stock has a 50-day moving average of $63.27 and a 200-day moving average of $56.95. The company has a market cap of $8.928 billion and a P/E ratio of 34.03.
Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.01. The company had revenue of $401.50 million for the quarter, compared to the consensus estimate of $395.52 million. During the same quarter in the previous year, the company posted $1.19 earnings per share. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. Analysts expect that Digital Realty Trust will post $4.85 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 5.04%. The ex-dividend date of this dividend is Thursday, September 11th.
Digital Realty Trust, Inc is a real estate investment trust (NYSE:DLR).